MSC denies interest in easyJet investment - report

(Sharecast News) - Logistics firm Mediterranean Shipping Company (MSC) has reportedly denied interest in making an investment in budget airline easyJet. EasyJet shares surged in early trade on Tuesday following a report in Italy's Corriere della Sera that MSC was working with an investment fund on a possible investment in the airline.

However, shares in the airline came off their highs after MSC told Reuters it was not considering any such move.

"MSC denies any involvement in this matter," a spokesperson told Reuters.

At 0905 BST, easyJet shares were up 2.7% at 476.30p, having hit as high as 518p earlier.